VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Sully- who wrote (37789)	6/13/2001 9:20:36 PM
From: RR	Read Replies (2) of 65232

Hi Tim: I'm about 97% cash since closing the puts. Long QQQ leaps, and long that small short term position in JDSU calls. Added more QQQ leaps today. Not much. Just been adding to that position a little on dips along the way. Bought few more JDSU July calls today, but again, that is just a small position, playing for a bump is all. Like I told Jill last night, I wouldn't be surprised if JDSU tested it's 13 area low. Also, this week is playing out about like we discussed a few days ago. Expiration week. Lot of techs were above their pain point. Consequently, doesn't alarm me to see them be pulled down before Friday. Suspect some of the option positions will start to unwind if they haven't already started today. Have not checked any technical data this evening yet. I was gone all day so really didn't even watch the market. Checked in by phone a couple of times was all. Patience, I tell myself. Patience.... make it come to me. After this expiration week, careful. Warnings galore. So? Should be expected. But, more and more stuff coming out about businesses getting killed, more layoffs, just a lot more bad news closer to home kind of stuff. RR

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